Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP is showing signs of a potential trend reversal as a multi-cycle triple bottom formation begins to take shape on the macro chart. This rare structure suggests that selling pressure may be nearing exhaustion, with price stabilizing around key supportlevels. As the pattern approaches completion, attention is shifting to whether this setup could mark the end of the downtrend and the start of a new bullish phase. XRP Forms Rare Multi-Cycle Triple Bottom Structure
Charting the macro structure, EGRAG CRYPTO highlightedthat the XRP chart is forming a pattern that many market participants may be overlooking, a multi-cycle triple bottom formation. Patterns like this carry weight because markets move in repeating cyclesrather than random chaos, and XRP now appears to be approaching what could be the final phase of this long-term setup. Related Reading The $1.35 Floor: How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal 1 week ago
From a structural perspective, the chart reveals three major base formations developing over several months, while price continues to respect its broader trendlineand moving average structure. Furthermore, the current price action is believed to represent the final descending phase of the pattern, typically defined as the ABC corrective structure. Source: Chart from EGRAG CRYPTO on X
If this interpretation proves accurate, XRP could be nearing the completion of its final corrective leg, known as wave C. Also, this stage often marks the exhaustion of selling pressure, suggesting that the market may be approaching a key inflection point where a shift from correction to expansion becomes more likely.
The most important area to watch lies around the $0.91 level, which stands out as a strong confluence zone. This region is supported by the 0.618 Fibonacci retracement, previous structural demand, and its alignment with the final leg of the correction. These factors make it a high-probability zone for a potential final liquidity sweep before the market attempts a broader bullish expansion. Reclaim Of $1.65 Could Confirm Structural Shift
EGRAG CRYPTO went on to reveal that the first clear macro signal of a bullishshift lies at the $1.65 level. A strong and sustained reclaim of this level on the weekly timeframe would be significant, as it would break the ongoing descending corrective structure and signal that the triple bottom formation is nearing completion. Related Reading XRP Price Turns Stronger — Breakout Momentum Building Fast 4 days ago
Once this structural barrier is broken, the chart begins to open up for the next phase of macro expansion. At that stage, upside targets would start aligning with higher Fibonacci extension levels, while fitting within the broader cycle structure that typically follows a completed accumulation pattern.
In simple terms, the setup provides a clear roadmap for what to watch next. The $0.91 region represents a possible final bottom zone, $1.65 acts as the first major confirmation of strength, and a confirmed break of the descending structure would mark the transition into a new expansion phase. XRP trading at $1.51 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com